Fannie Mae-No Politics (FNMA)

[bcde]

"It wasn't a crapshoot for us. We understood the trends of the mortgage market so well that we could almost predict with a degree of precision when the market would default," he said."

Nobody could have predicted timing of financial meltdown, unless he knew the plot to impose conservatorship on FnF. Imposing conservatorship on FnF was a single most factor in shaking the faith financial markets and caused the meltdown.